The accommodation sector in Canada experienced fluctuating employment levels measured in million hours from 2013 onward. After a drop in 2014 and 2015, the sector slightly recovered until 2019. However, in 2020, it dramatically declined by 42.58%, reflecting the impact of the COVID-19 pandemic. A recovery followed with significant year-on-year growth in 2021 and 2022, albeit a slight reduction in 2023. In 2023, the volume stood at 247.46 million hours. Over the last five years, the sector saw an average annual decline (CAGR) of 5.12%. Forecasts indicate a gradual decrease, with a five-year CAGR projected at -0.86%, suggesting moderate long-term contraction.
Future trends to watch for include:
• The impact of economic recovery post-pandemic on employment levels.
• Technological advancements and automation in the accommodation sector.
• Changes in travel behavior and tourism trends.
• Policy changes and government support for the hospitality industry.
